Helix sees potential large system at Cobar

Helix Resources has carried out a regional structural review of the Cobar gold project, which supports the potential for a large gold system.

The structural controls noted by the review have strong affinities with the nearby Peak gold trend, which hosts 4Moz of gold over 8 kilometres of strike.

The review identified a series of northeast trending quartz vein arrays and breccia zones in northwest fault systems that appear to control high-grade gold. The goldfield has potential to be more extensive than previously recognised and the known prospects (Battery Tank, Good Friday, Sunrise and Boundary) may be linked based on this new interpretation.